Nissin Foods Holdings Co., Ltd. · TSE:2897
Nissin Foods — Q1 FY3/2025 Earnings Presentation
21 slides from Nissin Foods's earnings presentation, August 2024
Slide 1: Q1 FY 3/2025 Financial Results - CFO Report
• I am Takashi Yano, CFO of NISSIN FOODS HOLDINGS. This is my report on financial results for Q1, FY 3/2025. • I will reference the page numbers located at the lower right-hand corner of the presentation materials. 0
Slide 2: Summary of key points
• Please turn to page 1. This is a summary of today's key points. • First of all, we recorded high revenue and profit for Q1, FY 3/2025, achieving a +11.2% year- on-year increase in revenue and a +5.1% increase in core operating profit of existing businesses. • The following is an explanation of tre
Slide 3: Q1 FY 3/2025 results
• Please turn to page 2. • These are our results for Q1, FY 3/2025. • Revenue was 185.0 billion yen, a record high for any first quarter and up 11.2%, or 18.6 billion yen, year on year. • Core operating profit of existing businesses amounted to 23.3 billion yen, an increase of 5.1%, or 1.1 billion y
Slide 4: Factors impacting core operating profit
• Please turn to page 3. • This page provides an analysis of the factors impacting core operating profit of existing businesses for the fiscal year. Details are shown on a constant currency basis. • The pink bar second from the left indicates revenue growth, which exceeded the cost increases shown o
Slide 5: Financial summary for the three segments
• Continuing on, page 4 shows a financial summary for the three segments. All segments reported increases in revenue and profit. I will explain in greater detail beginning with the next page. 4
Slide 6: Revenue breakdown by segment
• Please turn to page 5. • This is a breakdown of revenue by segment. • Our Domestic Instant Noodles Business posted a 2.7 billion yen increase year on year, or +4.4%. In June 2023, we implemented price revisions for a second consecutive year. However, volume remained steady, holding essentially lev
Slide 7: Core operating profit by segment
• Please turn to page 6. • All areas of our Domestic business posted higher core operating profit. The Overseas Business landed at the same level as the previous fiscal year, due in part to foreign exchange rates. • The Domestic Instant Noodles Business posted an increase in profit of 1.0 billion ye
Slide 8: Status of Our Businesses
Status of Our Businesses
Slide 9: Domestic Instant Noodles Business status
• Please turn to page 8. We cover the status of each business by segment through page 14. • We began the year with steady progress generally in line with plan for the Domestic Instant Noodles Business. • NISSIN FOOD PRODUCTS had a high hurdle after the increase in demand prior to the June 2023 price
Slide 10: Domestic Non-Instant Noodles Business status
• Please turn to page 9. • Performance at NISSIN YORK and KOIKE-YA remained strong, and revenue increased across all operating companies. • NISSIN YORK sales of TOKACHI DRINK YOGURT continue to increase, even on a volume basis. With the new line at the Kanto Plant, the PILKUL series continued to see
Slide 11: Overseas Business: The Americas
• Please turn to page 10. Our Overseas Business is making good progress. First, let's look at The Americas. • Demand for relatively affordable instant noodles in the U.S. market continued to be strong, with revenue and volume increasing year-on-year. • Overall, NISSIN FOODS U.S.A. volume rose in the
Slide 12: Overseas Business: China including Hong Kong
• Please turn to page 11. • Next, I will discuss performance in China, including Hong Kong. • Exports of our mainstay DEMAE ICCHO bag-type instant noodles in Hong Kong remained strong. However, the continuing trend of Hokujo Consumption, which refers to the lifestyle of Hong Kong residents spending
Slide 13: Overseas Business: Asia
• Please turn to page 12. • Revenue in Asia increased across all regions, led by Thailand, where our market presence is expanding steadily. Profits increased due in part to the contribution of earnings from associates accounted for using the equity method. 12
Slide 14: Overseas Business: EMEA
• Please turn to page 13. • Next, I will discuss the EMEA. Although NISSIN FOODS Europe saw an increase in revenue and profit, overall segment income decreased due to lower sales volume and lower profit and higher material costs at Mareven Food Holdings, an equity-method associate. 13
Slide 15: Full-year earnings plan unchanged
• Beginning on page 15, you will note that our full-year consolidated earnings plan for FY 3/2025, announced on May 13, 2024, remains unchanged. This ends my presentation. 14
Slide 16: FY 3/2025 Full-Year Earnings Plan
Disclosed on May 13, 2024 Reprinted materials from "Financial Results for FY 3/2024" ANISSIN| | FY 3/2025 Full-Year Earnings Plan + We aim for revenue growth of 7.1% YoY and core operating profit of existing businesses is projected to increase by 5.0% YoY to 84.6 billion yen. + We also aim for recor
Slide 17: FY 3/2025 Plan by Segment
Disclosed on May 13, 2024 Reprinted materials from "Financial Results for FY 3/2024" ANISSIN| | FY 3/2025 Plan by Segment Revenue (IFRS) | Core Operating Profit (Non-GAAP) Bil. Yen FY 3/2025 FY 3/2024 Results | Fy 372025 FY 3/2024 Results Plan Revenue YoY change Plan YoY change NISSIN FOOD PRODUCTS
Slide 18: Revenue and Volume in the Americas and Overseas
| Revenue and Volume in the Americas and Overseas (YoY) YoY SS Base products: + low-single digit % Premium products: +10% level Fygrzuz> Plan FY 3/2025 Plan —— Apr. - Jun, ———— Jul.-Sep. —~-—— Oct.-Dec. —— —— Jan.-Mar. ———— Apr.-Jun. —— — (Apr.-Mar.) {> Revenue Volume Revenue Volume Revenue Volume R
Slide 19: Major Price Revisions (Domestic)
SS | Major Price Revisions (Domestic) FY 3/2020 ~ FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025 =% NISSIN FOOD S32 PRODUCTS £33 MYOJO FOODS Jun. 2019(NISSIN FOOD 4-8%, Jun.(NISSIN FOOD 5-12%, Jun. (NISSIN FOOD 10-13% MYOJO 3-7%) MYOJO 6-12%) MYOJO 9-12%) ° CHILLED 3g FOODS ee Apr. 2019 (3-9%) Mar. 2022 (6
Slide 20: Major Price Revisions (Overseas)
The Americas Major Price Revisions (Overseas) FY 3/2020 ~ FY 3/2021 U.S. Apr. 2019 (Bag, Cup) Brazil May 2020 Nov. 2020 Feb. 2021 (Bag, Cup) (Rag, Cup) (Bag, Cup) Mexico” “Implemented Implemented gradually for each channel China (Incl. H.K.) HK. Jul. 2019 (Cup) Asia Implemented in some regions EMEA
Slide 21: Disclaimer on forward-looking statements
SS Company plans, business forecasts, strategies, and other information contained in this document are based on management judgments derived from information available at the time of this publication. Be aware that these are only future projections, and actual results may differ due to various risks
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